Zscaler, Inc. (NASDAQ:ZS – Get Rating)’s share price gapped down before the market opened on Tuesday after Truist Financial lowered their price target on the stock from $275.00 to $250.00. The stock had previously closed at $156.09, but opened at $149.00. Truist Financial currently has a buy rating on the stock. Zscaler shares last traded at $145.95, with a volume of 12,429 shares.
A number of other research analysts have also weighed in on ZS. Cowen decreased their target price on Zscaler from $405.00 to $194.00 and set a “buy” rating on the stock in a report on Friday, May 27th. Citigroup decreased their price objective on Zscaler from $225.00 to $200.00 in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on Zscaler from $280.00 to $190.00 in a report on Friday, May 27th. Mizuho reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Zscaler in a report on Friday, May 27th. Finally, The Goldman Sachs Group decreased their price objective on Zscaler from $326.00 to $281.00 and set a “neutral” rating on the stock in a report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $246.65.
Insider Activity
In related news, COO Dali Rajic sold 25,000 shares of Zscaler stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $155.80, for a total transaction of $3,895,000.00. Following the sale, the chief operating officer now directly owns 231,574 shares in the company, valued at $36,079,229.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Dali Rajic sold 25,000 shares of Zscaler stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $155.80, for a total transaction of $3,895,000.00. Following the sale, the chief operating officer now directly owns 231,574 shares in the company, valued at $36,079,229.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Amit Sinha sold 9,975 shares of Zscaler stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $136.67, for a total value of $1,363,283.25. Following the sale, the president now owns 266,124 shares in the company, valued at $36,371,167.08. The disclosure for this sale can be found here. Insiders have sold 49,710 shares of company stock worth $7,275,302 over the last 90 days. 20.30% of the stock is currently owned by corporate insiders.
Institutional Trading of Zscaler
A number of large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its position in shares of Zscaler by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock valued at $1,663,000 after purchasing an additional 100 shares in the last quarter. Bailard Inc. purchased a new position in shares of Zscaler in the first quarter valued at $1,401,000. Dimensional Fund Advisors LP grew its position in shares of Zscaler by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 119,445 shares of the company’s stock valued at $38,382,000 after purchasing an additional 900 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Zscaler by 3.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,412 shares of the company’s stock valued at $3,477,000 after purchasing an additional 525 shares in the last quarter. Finally, Westpac Banking Corp grew its position in shares of Zscaler by 1.3% in the fourth quarter. Westpac Banking Corp now owns 5,899 shares of the company’s stock valued at $1,896,000 after purchasing an additional 73 shares in the last quarter. 43.41% of the stock is owned by hedge funds and other institutional investors.
Zscaler Stock Performance
The company has a market capitalization of $20.48 billion, a PE ratio of -54.16 and a beta of 1.09. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average price of $152.32 and a two-hundred day moving average price of $202.68.
Zscaler (NASDAQ:ZS – Get Rating) last posted its earnings results on Thursday, May 26th. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.02. Zscaler had a negative return on equity of 58.37% and a negative net margin of 38.52%. The business had revenue of $286.81 million during the quarter, compared to analysts’ expectations of $271.47 million. During the same period in the previous year, the business earned ($0.30) earnings per share. The firm’s revenue was up 62.6% on a year-over-year basis. Analysts predict that Zscaler, Inc. will post -2.31 EPS for the current fiscal year.
Zscaler Company Profile
Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.